Bloomberg, the famous firm providing news and financial data all over the world, has just integrated the data of the betting platform Polymarket. In parallel with this news, the transaction volumes are breaking new records on Polymarket.
Bloomberg now integrates Polymarket data
Recently, Bloomberg, a renowned financial data and news service, announced on the X social network that it was about to add Polymarket data to its service.
This is now a done deal according to Shayne Coplan, CEO of the Polymarket platform:
The Bloomberg Terminal has now integrated Polymarket.
Entering mainstream news and finance before our eyes.
What once was a fringe, sci-fi idea for transforming the flow of information is now becoming the new normal, as 10s of millions of people build habit around relying on… https://t.co/HT8aQOtbtl
— Shayne Coplan (@shayne_coplan) September 3, 2024
Indeed, the Polymarket platform, developed on the Polygon network, allows you to bet in USDC on upcoming events, ranging from politics to sports, economic trends or the world of cryptocurrencies.
👉 Discover how Polymarket works – How to use Polymarket and make bets with crypto?
The data provided by Polymarket, particularly regarding the US presidential elections, appears relevant, as evidenced by its inclusion on Bloomberg.
Thus, a new paradigm of prediction, much more efficient and responsive than traditional surveys, seems to be developing thanks to blockchain technology.
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Transaction volumes constantly increasing on Polymarket
For 4 consecutive months now, the Polymarket platform has set new records in terms of transaction volumes, which have reached $473 million in August.
This new record beats the one set in July, which stood at $275 million, representing a 72% increase in transaction volume.
Transaction volume on the Polymarket platform, in monthly data
Indeed, the platform attracts more and more users every month. With 63,000 active users during the month of August, Polymarket attracted nearly 20,000 new users compared to Julya substantial increase of 42%.
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In addition, 17,000 active users have already been counted since the beginning of this month of September, which could suggest a further increase in this metric.
Number of Polymarket users, in monthly data
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Passionate about the blockchain ecosystem, I like to deepen my knowledge and share my discoveries. In a perpetual quest to learn more about cryptos, I recently joined the Cryptoast Research team where I provide weekly fundamental analysis.
Theo Zananiri
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